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The development and implementation of specific organizational
strategies must be based on the areas
of strength in an organization. Referred to as core competencies,
those strengths are the foundation for creating a
competitive advantage for an
organization. A core competency is a unique capability that creates high value and differentiates an
organization from its competition.
Figure 1-1 shows some possible areas where human resources may
become part of core competencies.
Certainly, many organizations have identified that having their human resources as core
competencies differentiates them from their
competitors and is a key determinant of competitive advantages.
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